Over the last seven days, the price of XRP increased by 4.36%, emerging as one of the standout gainers with most of the crypto market struggling with significant losses. Following a general price correction in December, the prominent altcoin has experienced some stable growth rising by 19.52% since the start of 2025. However, certain price levels are important in sustaining this uptrend.
Crucial XRP Support Emerges At $2.32
In a new post on X, market analysis platform More Crypto Online shared an important update on the current XRP market. It is worth noting that XRP is presently enjoying some bullish momentum indicating a high level of investor’s interest.
Amid this uptrend, these analysts have identified certain price levels critical to altcoin’s imminent trajectory. Firstly, they advise that market bulls must avoid a price fall below $2.32 to preserve the validity of the present bullish structure. Based on historical data, if XRP fails to hold above this vital support zone, the altcoin could enter a downtrend sliding as low as $2.00, at which lies its next significant support level.Â
In terms of making headway, the analysts from More Crypto Online have highlighted $2.50, around which XRP is currently valued, as a crucial resistance to the altcoin’s bullish pursuit. These market experts explain that a successful break past $2.50 would signal that the current triangle pattern on the hourly chart is headed for a breakout, thus confirming a continuous price uptrend.
For context, the triangle pattern is a common chart pattern formed by two converging trend lines. It is used to indicate a period of consolidation before a potential breakout or breakdown.
According to more market analysis from More Crypto Online, XRP overcoming the $2.50 price barrier could further propel the asset to around $2.72 at which lies another major resistance zone. For investors, pushing past both resistance zones and staying above $2.32 is key to maintaining the current bullish momentum.
Market OverviewÂ
At press time, XRP is trading at $2.53 following a 6.94% gain in the past day. In this same period, the coin’s trading volume has surged by 61.21% to $8.49 billion. The crypto asset is also in profits on larger times as shown by gains of 5.37% and 8.07% in the last seven and thirty days respectively.
Interestingly, a Relative Strength Index of 64.35 indicates more room for growth as XRP is not yet oversold. Following an impressive rally in Q4 2024, analysts continue to back bullish potentials of the altcoin, with several positive predictions.Â
